Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. An explanatory brochure is available upon request or at Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy. Webull Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Webull Financial LLC is a member of the Financial Industry Regulatory Authority ( FINRA), Securities Investor Protection Corporation ( SIPC), The New York Stock Exchange ( NYSE), NASDAQ and Cboe EDGX Exchange, Inc ( CBOE EDGX). Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). Resilient LLP advised 1PointFive for this agreement with Airbus. "We congratulate 1PointFive and Airbus on their work together to provide feasible pathways for the decarbonization of aviation." ![]() "Demand for scalable and affordable climate solutions continues to grow rapidly," said Carbon Engineering CEO Daniel Friedmann. When fully operational, the DAC facility is expected to be the largest in the world, with a one-million-tonne annual CO2 removal volume capacity. The facility will extract atmospheric CO2 and permanently store it deep underground in geologic formations, delivering permanent and verifiable carbon dioxide removal.Ĭonstruction of the first DAC facility is expected to begin in the second half of 2022 in the Permian Basin. “Direct Air Capture will be a scalable, practical solution that aerospace pioneers like Airbus can integrate into their decarbonization roadmaps to contribute to climate action.”ġPointFive's first DAC facility, which will include pure sequestration, is in the process of being deployed using Carbon Engineering's industrial-scale DAC solution. ![]() "We're proud to partner with Airbus on an enormous opportunity to help the aviation industry and other hard-to-abate sectors decarbonize," said 1PointFive CEO Michael Avery. ![]() It provides another complementary solution for Airbus to address its carbon emissions and to support the broader decarbonization efforts currently underway across the air transport industry. Under the agreement, Airbus has pre-purchased the capture and permanent sequestration of 100,000 tonnes of carbon dioxide (CO2) from the atmosphere each year for four years-with an option to secure more volume in the future.ġPointFive's contract is indicative of the availability of a feasible, affordable, and scalable decarbonization solution for aviation and other hard-to-abate industries. 1PointFive, a subsidiary of Occidental's (NYSE: OXY) Oxy Low Carbon Ventures business, announced today the sale of 400,000 tonnes of carbon removal credits from its planned first Direct Air Capture (DAC) facility using Carbon Engineering’s DAC solution to aerospace leader Airbus (NYSE: EADSY).
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